The House Financial Services Committee voted to extend the federal Terrorism Risk Insurance Act on Wednesday, but not before adding another five years to the legislation.
The bill was approved by a vote of 49-20.
The added five years, which would keep the program running until 2022, came via an amendment proposed by Rep. Peter King, R-N.Y., the former chairman and current ranking minority member of the House Homeland Security Committee, and Rep. Gary Ackerman, D-N.Y.
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